RBC Cash Back Mastercard: Maximize Rewards on Everyday Purchases in Canada

The RBC Cash Back Mastercard is a versatile credit card offering numerous benefits to Canadian residents. It stands out for its cash back rewards, making it an excellent choice for everyday purchases. Whether you’re shopping for groceries, gas, or dining out, the RBC Cash Back Mastercard provides valuable incentives, helping you maximize your spending. This article will guide you through the process of applying for this card and highlight its benefits, the history of the Royal Bank, and more.

History of Royal Bank

The Royal Bank of Canada (RBC) is one of the oldest and largest banks in the country. Founded in 1864 in Halifax, Nova Scotia, RBC has grown to become a global financial institution, serving over 17 million clients in Canada, the United States, and 34 other countries. The bank’s commitment to innovation and customer service has helped it maintain a strong reputation and adapt to the ever-changing financial landscape. Today, RBC is known for its comprehensive range of financial products and services, including the RBC Cash Back Mastercard.

Benefits of the RBC Cash Back Mastercard

The RBC Cash Back Mastercard is designed to offer significant value to its users. Here are some of the key benefits:

Cash Back Rewards

Cardholders earn cash back on every purchase:

• 2% cash back on grocery store purchases and eligible gas station purchases.
• 1% cash back on recurring bill payments.
• 0.5% cash back on all other qualifying purchases.

Exclusive Offers

RBC Cash Back Mastercard users have access to exclusive offers and discounts through the RBC Offers program. This includes special deals on travel, dining, entertainment, and more, providing additional savings and value.

Purchase Coverage

The card offers comprehensive purchase coverage, including:

• Purchase security and extended warranty protection, which covers eligible items against theft, loss, or damage for up to 90 days from the purchase date.
• Extended warranty protection doubles the manufacturer’s warranty for up to one additional year.

Loan Options and Installment Program

The RBC Cash Back Mastercard also provides flexibility with loan options and an installment program:

• RBC Plan: This program allows you to convert eligible credit card purchases into smaller, more manageable installments. You can choose from various repayment terms, making it easier to fit larger purchases into your budget.
• Cash Advances: The card offers convenient access to cash advances, allowing you to withdraw funds from your credit limit at ATMs or RBC branches.

Eligibility for the RBC Cash Back Mastercard

To be eligible for the RBC Cash Back Mastercard, applicants must meet the following criteria:

• Be a resident of Canada.
• Be the age of majority in your province or territory.
• Have a good credit score and credit history.
• Meet the minimum income requirements set by RBC.

Interest rates for the RBC Cash Back Mastercard are competitive, with a standard rate for purchases, cash advances, and balance transfers. Detailed information on rates and fees can be found on the RBC website.

How to Apply

Applying for the RBC Cash Back Mastercard is a straightforward process. Follow these steps to complete your application:

1. Visit the Official RBC Website: Go to RBC Cash Back Mastercard Application.
2. Complete the Online Form: Provide your personal information, including your name, address, and contact details.
3. Submit Financial Information: Enter your employment details and income information.
4. Review and Submit: Double-check your application for accuracy and submit it online. RBC will review your application and notify you of the decision.

For those who prefer to apply in person, you can visit any RBC branch to complete your application with the assistance of a financial advisor.

Additional Tips

The RBC Cash Back Mastercard is a valuable addition to your wallet, especially if you frequently spend on groceries and gas. The cash back rewards, combined with the exclusive offers and purchase coverage, provide significant benefits. However, it’s essential to use the card responsibly to avoid accumulating high-interest debt.

Tips for Maximizing Your RBC Cash Back Mastercard

1. Automate Recurring Bill Payments: Set up automatic payments for recurring bills to earn 1% cash back effortlessly.
2. Utilize RBC Offers: Regularly check for new RBC Offers to take advantage of exclusive deals and discounts.
3. Monitor Your Spending: Keep track of your spending to ensure you’re maximizing your cash back rewards and staying within your budget.

Environmental Impact

While credit cards themselves have a minimal direct environmental impact, it’s important to consider the broader implications of consumption. Opt for digital statements to reduce paper waste, and be mindful of your spending habits to promote sustainability.

Customer Service

For any questions or assistance, RBC offers multiple customer service channels:

• Website: Visit the RBC website for more information.
• Phone: Contact RBC customer service at 1-800-769-2511.
• Mobile App: Download the RBC Mobile app for Android and iOS.
• Email: Reach out via the RBC contact page.

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The RBC Cash Back Mastercard offers a range of benefits that make it a worthwhile option for Canadian residents. With cash back rewards, exclusive offers, and comprehensive purchase coverage, it provides value in various aspects of your financial life. By understanding the application process and leveraging the card’s features, you can make the most of your RBC Cash Back Mastercard.

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